It’s a good question, but probably a moot one. Expecting the gov to not kick the can again is foolish – it will probably be extended.
ASSUMING IT EXPIRES –
It wouldn’t change the number of distressed properties, only how those distressed properties are handled. So I don’t think it would dramatically change the housing market itself but I think it would allow us to move distressed properties through the market a little faster.
It all depends on the banks. If banks choose to foreclose faster if short sales are less likely, it could bring some inventory into the market. But, I don’t understand what the banks are doing now so I’m not gonna guess what they would do if …
